429 Sierra Ave

429 Sierra Ave

D

Solana Beach, CA 92075

$1,999,000

Beds

2

Baths

2

Sqft

1,167

Year Built

1975

Days on Market

94

Property Type

Condo

HOA/mo

$975

MLS ID

250044138SD

Description

Experience the ultimate coastal living in this PRISTINE top-floor, single-story home that boasts breathtaking Pacific Ocean views from every angle. This elegantly remodeled 1,167 sq. ft. rare corner unit features 2 generous bedrooms and 2 bathrooms, with 2 balconies facing the ocean. Upon entry, you're greeted by a sophisticated interior with vaulted ceilings in the living room and bedrooms, skylights in dining room and bathrooms, allowing the warm eastern and western sunlight to fill the space. The living areas and bedrooms offer panoramic ocean views, providing a splendid backdrop for sunsets.The kitchen features Liebherr and Bosch appliances with Giallo Nova quartz polished countertops. Enjoy the peaceful lifestyle at the Solana Beach and Tennis Club, complete with a pool, two relaxing spas, four tennis courts, and picturesque outdoor areas along the Bluff, ideal for embracing the lively coastal atmosphere. Situated in the vibrant Solana Beach neighborhood, you're conveniently close to beach access, dining, trendy shops, the dog-friendly beach, and the famous Del Mar Racetracks. With a minimum lease of just 7 days, this property is not only a dreamy coastal getaway but also a promising investment opportunity. Embrace a lifestyle where every moment feels like a perfect seaside retreat!

Mortgage Calculator

Est. Monthly Payment

$13,665

Principal & Interest$10,108
Property Tax$1,999
Insurance$583
HOA$975
%($399,800)
%

Investment Score

0D
Est. Monthly Rent

Zillow Rent Zestimate

$1,098
Monthly Cashflow
$-14,485

Mortgage (P+I)
$10,108
Cap Rate
-2.63%
Cash-on-Cash
-43.48%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.11
Break-even Rent
$15,496

NOI (Annual)
$-52,528
Price-to-Rent

Lower = better for investors

151.7

* Defaults: 20% down, 6.5% rate, 30yr.

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